Getir is the Istanbul-based rapid grocery service.

According to the Financial Times. on-demand grocery service Getir is raising $500M at a $2.5 billion valuation. Consumers are less interested in the convenience and discounts offered by Getir who have exited markets in Europe and has seen its valuation decrease by over $9 billlion since March 2022.

PYMNTS: Report: Getir to Raise $500 Million in Funding Round